DLH Holdings Corp. (DLHC) Stake Raised by Essex Investment Management Co. LLC
Essex Investment Management Co. LLC raised its position in DLH Holdings Corp. (NASDAQ:DLHC) by 19.8% during the second quarter, Holdings Channel reports. The institutional investor owned 28,844 shares of the business services provider’s stock after buying an additional 4,758 shares during the period. Essex Investment Management Co. LLC’s holdings in DLH Holdings Corp. were worth $155,000 at the end of the most recent reporting period.
Separately, Renaissance Technologies LLC raised its position in shares of DLH Holdings Corp. by 12.4% in the first quarter. Renaissance Technologies LLC now owns 120,140 shares of the business services provider’s stock worth $649,000 after buying an additional 13,250 shares in the last quarter. 50.98% of the stock is currently owned by institutional investors and hedge funds.
Shares of DLH Holdings Corp. (DLHC) opened at 5.79 on Friday. The stock has a market capitalization of $65.14 million, a P/E ratio of 16.08 and a beta of 0.72. The firm’s 50-day moving average price is $5.60 and its 200-day moving average price is $5.41. DLH Holdings Corp. has a 52-week low of $4.10 and a 52-week high of $7.38.
DLH Holdings Corp. (NASDAQ:DLHC) last issued its quarterly earnings results on Wednesday, May 10th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. DLH Holdings Corp. had a return on equity of 14.32% and a net margin of 4.13%. The company had revenue of $29.91 million for the quarter, compared to analysts’ expectations of $28 million. Equities analysts forecast that DLH Holdings Corp. will post $0.28 earnings per share for the current fiscal year.
A number of research analysts recently weighed in on the company. Zacks Investment Research lowered DLH Holdings Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. ValuEngine lowered DLH Holdings Corp. from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Finally, Noble Financial reaffirmed a “buy” rating on shares of DLH Holdings Corp. in a report on Saturday, May 20th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $6.33.
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